Park Regent **( 2 Sponsor Atty/Comm'L & Res)*

Amendment 23 2004

This amendment updates the Park Regent Condominium plan by disclosing that Four Kings in Queens Company owns the listed unsold units, giving their common charges, taxes and rents, replacing the escrow section, listing current board officers, adding financial statements for 1997 to 2003, and extending the plan's effective period by twelve months.

• Plan effective period extended for twelve (12) months from the acceptance date of this amendment
• Escrow section replaced: contract deposits held in Goldberg, Weprin & Ustin, LLP Attorney Trust Account at North Fork Bank, with interest rate of .95%
• Unsold units listed in Exhibit A owned by Four Kings in Queens Company; Flushing Estates Associates is the other Holder of Unsold Units
• Aggregate monthly common charges for Exhibit A units are $1,468.01, real estate taxes $962.37, and monthly rent $2,388.87
• Sponsor has no financial obligations to the Condominium other than Common Charges within twelve (12) months of this amendment
• None of the Unsold Units are subject to mortgages or financing commitments
• Board officers listed: Tom Ng (President), Wendy Chang (Vice President), Steven Goldin (Secretary), Dr. Tondar Nadib (Treasurer); Sponsor relinquished board control in 1989
• Financial statements for years ended December 31, 1997 through December 31, 2003 annexed as Exhibits B-1 to B-7

Amendment 22 Dec 11, 1997

This amendment adds the 1996 audited financial statements, the 1997 budget, lists of unsold units and the holders' other properties, and a current Board of Managers roster, and it makes no offer for the Arthur G. Cohen units now controlled by the FDIC.

• Common charges are $820.80 for each 1% of interest in the common elements per annum
• 1996 certified income and expense statement added as Exhibit A
• 1997 budget added as Exhibit B
• Lists of unsold units, their common charges and rents added as Exhibits C-1 to C-2; these units are not pledged as loan security
• Holders of unsold units have no financial obligations to the condominium within 12 months other than common charges on unsold units
• Lists of other properties where unsold-unit holders own more than 10% added as Exhibits D-1 to D-3, some with past-due amounts
• Managing agent named as Mark Greenberg Real Estate Co., Inc.; Board of Managers members listed
• No representations or offer made for units previously owned by Arthur G. Cohen, now under FDIC control and under contract

Amendment 21 Mar 6, 1996

This amendment adds the 1994 financial statements, the 1995 budget, lists of unsold units and the sponsor-side holders' other properties, and updates the board and managing agent information, with no new prices or closing dates.

• Certified income and expense statement for year ending December 31, 1994 added as Exhibit A; 1995 budget added as Exhibit B
• Common charges stated as $820.80 for each one (1%) percent of interest in the common elements per annum
• Lists of Unsold Units owned by the Holders of Unsold Units, their common charges and tenant rents added as Exhibits C-1 through C-2; these units are not pledged as security for a loan
• Holders of Unsold Units have no financial obligations due to the Condominium within the next twelve (12) months, other than common charges on Unsold Units
• Lists of other properties in which Holders of Unsold Units hold more than 10% added as Exhibits D-1 through D-3
• Officers and members of the Board of Managers listed; managing agent is Mark Greenberg Real Estate Co., Inc.
• No representations made about units previously owned by Arthur G. Cohen, now controlled by the FDIC and under contract after auction